Gross capital formation in North America
North America: Gross capital formation was 3.2% in 2024. ◆ Volatile
Gross capital formation in North America, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
North America recorded 3.2% for gross capital formation in 2024.
That represents a change of up 225.9% on the previous year and down 31.9% over ten years.
Over the whole period, gross capital formation in North America peaked at 22.7% in 1984 and was at its lowest, -16.2%, in 2009.
That places North America 16th out of 38 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in North America, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 5.7% | — |
| 1972 | 7.7% | +34.4% |
| 1973 | 9.3% | +21.1% |
| 1974 | -3.5% | -137.4% |
| 1975 | -11.2% | +223.4% |
| 1976 | 14.0% | -225.4% |
| 1977 | 9.9% | -29.4% |
| 1978 | 9.7% | -2.1% |
| 1979 | 4.7% | -51.4% |
| 1980 | -7.3% | -254.7% |
| 1981 | 7.0% | -195.4% |
| 1982 | -11.4% | -263.4% |
| 1983 | 8.7% | -176.3% |
| 1984 | 22.7% | +161.6% |
| 1985 | 2.9% | -87.2% |
| 1986 | 1.9% | -35.3% |
| 1987 | 3.9% | +107.6% |
| 1988 | 2.5% | -35.1% |
| 1989 | 3.8% | +48.7% |
| 1990 | -1.7% | -145.2% |
| 1991 | -5.5% | +219.9% |
| 1992 | 4.7% | -186.4% |
| 1993 | 5.2% | +11.2% |
| 1994 | 9.0% | +72.4% |
| 1995 | 2.9% | -68.0% |
| 1996 | 7.0% | +143.4% |
| 1997 | 10.0% | +42.1% |
| 1998 | 8.1% | -18.8% |
| 1999 | 7.7% | -4.4% |
| 2000 | 6.3% | -19.1% |
| 2001 | -3.9% | -162.7% |
| 2002 | 0.6% | -115.7% |
| 2003 | 4.5% | +634.2% |
| 2004 | 7.9% | +73.6% |
| 2005 | 6.1% | -23.0% |
| 2006 | 3.3% | -45.7% |
| 2007 | -1.2% | -137.6% |
| 2008 | -5.5% | +346.1% |
| 2009 | -16.2% | +193.7% |
| 2010 | 10.6% | -165.1% |
| 2011 | 4.7% | -55.8% |
| 2012 | 7.3% | +55.6% |
| 2013 | 5.0% | -30.9% |
| 2014 | 4.7% | -5.9% |
| 2015 | 4.5% | -4.6% |
| 2016 | -0.1% | -101.5% |
| 2017 | 4.5% | -6772.8% |
| 2018 | 5.3% | +17.6% |
| 2019 | 3.0% | -43.2% |
| 2020 | -3.3% | -211.2% |
| 2021 | 7.5% | -324.0% |
| 2022 | 5.0% | -33.1% |
| 2023 | 1.0% | -80.2% |
| 2024 | 3.2% | +225.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.2% | -11.2% | 14.0% | 9 |
| 1980s | 3.5% | -11.4% | 22.7% | 10 |
| 1990s | 4.8% | -5.5% | 10.0% | 10 |
| 2000s | 0.2% | -16.2% | 7.9% | 10 |
| 2010s | 4.9% | -0.1% | 10.6% | 10 |
| 2020s | 2.7% | -3.3% | 7.5% | 5 |
Countries ranked near North America
More economy & growth data for North America
- Inflation, GDP deflator 2.7% (2025)
- Trade 28.5% (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
- Manufacturing, value added 10.4% (2021)
- Industry (including construction), value added 4.69 trillion current US$ (2021)
- Industry (including construction), value added 18.2% (2021)
- Services, value added 19.44 trillion current US$ (2021)
- Trade in services 7.5% (2025)
- GDP per capita 86,308 current US$ (2025)
- GDP growth 2.1% (2025)
Frequently asked questions
- What is gross capital formation in North America?
- Gross capital formation in North America was 3.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in North America?
- The highest recorded value was 22.7% in 1984.
- What is the lowest gross capital formation recorded in North America?
- The lowest recorded value was -16.2% in 2009.
- How does North America rank for gross capital formation?
- North America ranks 16th out of 38 groups with data for 2024.
- Is gross capital formation rising or falling in North America?
- Over the last ten years it is down 31.9%. The long-run trend across the full record is volatile.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.